Namura Shipbuilding Co.,Ltd. Stock Forecast

On Wednesday, Namura Shipbuilding Co.,Ltd. stock price gained an impressive 5.92%
(Updated on Jul 03, 2024)

7014.T Signals & Forecast

The Namura Shipbuilding Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,389.29 and JP¥2,131.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 32.88%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Namura Shipbuilding Co.,Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,255.00 and JP¥2,193.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Namura Shipbuilding Co.,Ltd. finds support just below today's level at JP¥2,255.00. If this is broken, then the next support from accumulated volume will be at JP¥2,193.00 and JP¥2,120.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥138.00 between high and low, or 5.48%. For the last week, the stock has had daily average volatility of 6.44%.

Our recommended stop-loss: JP¥2,549.25 (-3.11%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (7014.T) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Namura Shipbuilding Co.,Ltd. to open at JP¥2,603.00, and during the day (based on 14 day Average True Range), to move between JP¥2,460.84 and JP¥2,801.16, which gives a possible trading interval of +/-JP¥170.16 (+/-6.47%) up or down from last closing price. If Namura Shipbuilding Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 12.93% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥2,255.00, some JP¥376.00 (14.29%) from the current price of JP¥2,631.00, our system finds the risk reward attractive.

Is Namura Shipbuilding Co.,Ltd. stock A Buy?

Namura Shipbuilding Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Namura Shipbuilding Co.,Ltd. of Thursday, July 4, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.